REG-AltynGold Plc H1 2025 operational update

AltyngoldAnnouncement

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H1 2025 operational update

 

AltynGold Plc

("AltynGold" or the "Company")

H1 2025 Production and Operational update

Gold production up 44%, as Sekisovskoye processing achieves targeted run rate

London, 18 July 2025 - AltynGold (LSE:ALTN) is pleased to announce its
production and operational update for the six months to 30 June 2025 ("H1
2025" or the "Period"). The Period delivered a 44% increase in gold production
as it started to gain the full benefit of the processing plant upgrade at its
primary Sekisovskoye asset.

Operational highlights

During H1 2025, AltynGold continued to scale production at the Sekisovskoye
mine, achieving its targeted monthly mining run rate of 83Kt. Ore mined during
the Period increased by 35% YoY to 451Kt, while ore milled rose by 62% to
453Kt. The commissioning of the third processing line and further
infrastructure improvements during the second quarter supported this
consistent growth in volumes.

Gold poured totalled 28,081oz in H1 2025, a 44% increase from H1 2024
(17,413oz). Gold sold during the period totalled 22,595oz (H1 2024: 17,247oz).
The average gold grade processed remained steady at 2.04g/t, with a recovery
rate of 84.75%, in line with the first quarter.

A strong production performance contributed to a sharp increase in revenue,
which rose to $70m during the Period, up 84% from H1 2024 ($38 million). This
was supported by a 39% YoY increase in the average realised gold price, which
rose to $3,098/oz.

The Company remains on track to achieve its full-year production target of
50,000oz. With the new processing line fully operational, the targeted mining
run rate of 83Kt per month has been reached, and output is increasing in line
with expectations. The strong operational performance in the first half
provides a strong base for continued delivery in the second half of the year.

Production and operational figures for the period
                     UoM      H1 2025  H1 2024  Growth,  Year 31.12.2024  
                                                
                         
                                                
± %                      
 Ore mined           tons     450,578  334 101  +34.9    750 045          
 Gold grade - mined  g/ton    2.03     2.15     -0.06    2.10             
 Contained gold      ounces   29,284   23 045   +27.1    50 739           
 Ore milled          tons     452,593  279 251  +62.1    593 612          
 Gold grade          g/ton    2.04     2,30     -11.1    2.29             
 Contained gold      ounces   29,595   20,589   +43.7    43 644           
 Gold poured         ounces   28,081   17,413   44.0     37 279           
 Recovery            %        84.75    84,57    +0.02    85.4             
 Gold sold           ounces   22,595   17,247   +31.0    38 708           
 Av. realised price  $/ounce  3,098    2,226    +39.0    2 441            
 Revenues            US$m     70.0     38.0     +84.0    94.5             
 Safety metrics      Cases    -        -        -        -                


Sustainable operations

No lost-time incidents or operational stoppages were reported during this
Period. The Company continues to conduct regular safety audits and drills in
cooperation with local authorities and emergency services.

As part of its ongoing ESG initiatives, the Company signed a collaborative
research agreement in June 2025 with Hokkaido University of Japan under the
Next-Generation Smart Mining+ for Sustainable Resources Development programme.

The research will run through to 2030, aiming to improve operational
efficiency by introducing real-time data collection and wireless communication
systems across the mine. The agreement also includes technical and leadership
training for employees, with modules delivered both in Kazakhstan and Japan,
in partnership with Nazarbayev University in Astana.

AltynGold CEO Aidar Assaubayev commented:

"We are pleased to report another strong period of growth, with our enhanced
processing capacity driving a significant increase in production.

Management and staff remain focused on delivering on our ambitious production
targets for the year, while continuing to develop AltynGold into a significant
multi-asset mining company for the benefit of all shareholders.”

Further Information:

For further information, please contact:

AltynGold Plc

Rajinder Basra

+44 (0) 203 432 3198

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014, as it forms part of domestic law by virtue of the European
Union (Withdrawal) Act 2018.

Information on the Company

AltynGold Plc (LSE:ALTN) is an exploration and development company, which is
listed on the Main Market of the London Stock Exchange.

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